Paul D. Hutchcroft

Philippine economic inertia and rent-seeking activities
A strong indictment of the perils of pervasive rent-seeking behavior by entrenched economic elites, "Booty Capitalism" is a highly readable exposition regarding the evident inertia of the Philippine economy. Full of salacious details about Marcos cronies, central bank governors and business tycoons, Hutchcroft's book is nonetheless a somber, deeply insightful historical work focusing on the Philippine banking system, and how that system remains instrumental in maintaining a decayed political and economic structure.

(Posted in Amazon.com, March 5, 2004)… (més)